LEGAL SCRUTINY REPORT

APPNo: Date:08/07/2024

To

The Territory Branch Manager

ICICI Home Finance Company Limited

Anna Nagar

Dear Sir/Madam,

Legal Scrutiny Report in respect of the file of7791991337 – Venkateswara Rao

PART I: PROPERTY DETAILS:

1. Name of the Applicant/Borrower/s: N Venkateswara Rao

2. Name of the Co-applicant/s: (if any): M/s.NVR Estates

3. Type of Loan: LAP

4. Purpose of Loan: LAP

5. Name of the Property Owner/s: M/s.NVR Estates

6. Description of the Property (with Boundaries):

Schedule

Item 1

All that piece and parcel of the property admeasuring 1.79 Acres situated at Chathirapatti Village,
Idaiseval Village – II, KovilpattiPanchayaat union.

S.No Survey Extent Hec. Ac. Cent

No. Are
1 612/2 0.06.5 0.16
2 613/1 0.61.5 1.52
3 613/2B 0.04.5 0.11
Total 0.72.5 1.79

Bounded on the :
North by :Odai&NamperumalPunja Land,
 South by :Odai&ArumugamPunja Land,
East by :Punja Land of Ramalakshmi
West by :RengasamyPunja Land

Item II

All that piece and parcel of the property admeasuring 1.70 Acres situated at Chathirapatti Village,
Idaiseval Village – II, KovilpattiPanchayaat union.

S.No Survey Extent Hec. Ac. Cent

No. Are
1 612/1 0.69.0 1.70

Bounded on the :

North by : east West Odau

South by : Survey No.613/2A land,
East by : survey No.612/2,
West by : National High Way

Item III

All that piece and parcel of the property admeasuring 0.34 Acres situated at Chathirapatti Village,
Idaiseval Village – II, KovilpattiPanchayaat union.

S.No Survey Extent Hec. Ac. Cent

No. Are
1 613/2A 0.13.5 0.34

Bounded on the :

North by : Survey No.612/1 Punja land

South by : East West Odai
East by :Survye No.613/2B Punja Land
West by : National Highway Road

1 to 3 Items total 1.55.0 Hecie. 3 Acres 83 Cents of Punja land

Comes within the Registration District of Palamkottai and Registration Sub-District ofKovilpatti.

7. Nature / Status of the Property: Freehold

8. Type of Property:Vacant Land

PART II: LIST OF DOCUMENTS SUBMITTED BEFORE ME/US FOR SCRUTINY AND
LEGAL OPINION: (SPECIFY THE DOCUMENTS ARE ORIGINAL OR XEROX)

Sl.No. Date Documents Survey No & Extent

 1. - Sale Deed Doc No.1507 of 1973 in
favour of Mr.Azhagarsamy
2. 30/10/2007 Settlement Deed Doc No.8115 of 2007 S.No.612/2, Hectare 0.06.5 and
executed by Azhagarsamy to in favour S.No.613/1 Hectare 0.61.5 and
of Mrs.Mariyammal
3. 12/02/2008 Sale Deed Doc No.1238 of 2008
executed by Mariyammal to in favour
of Mr.Rengasamy
4. 12/02/2008 Sale Deed Doc No.1239 of 2008
executed by 1) Azhagarsamy 2)
Rengasamy to in favour of
Mr.Rengasamy
5. 27/03/2008 Sale Deed Doc No.2893 of 2008
executed by Mr.Rengasamy to in
favour 1) P.Subbaiah and 2)
Mr.Mariyappan
6. 16/06/2008 Sale Deed Doc No.5316 of 2008
executed by 1) P.Subbiah 2)
G.Mariappan to in favour of M/s.NVR
Estates rep by NallapatiVenkateswara
Rao
7. 21/03/2017 MODT Doc No.982/2017 executed by
M/s.NVR Estates to in favour of
M/s.Thirumeni Finance Private
Limited
8. 12/05/2024 Release Deed Doc No.3892 of 2024
executed by M/s.Varthana Finance
Private Limited to in favour M/s.NVR
Estates
9. 08/07/2024 Online EC from 2000 to 2021
PART III: FLOW OF TITLE OF PROPERTY: (HISTORY OF TITLE)
S.No.612/2, Hectare 0.06.5 and
S.No.613/1 Hectare 0.61.5 and
S.No.613/2B Hectare 0.04.5 Hectare
in total 0.72.5 Hectare
S.No.613/2B Hectare 0.04.5 Hectare
in total 0.72.5 Hectare
S.No.612/2, Hectare 0.06.5 and
S.No.613/1 Hectare 0.61.5 and
S.No.613/2B Hectare 0.04.5 Hectare
in total 0.72.5 Hectare
S.No.612/1 Hectare 0.69.0 and
S.No.613/2 A0.13.5 Hectare
1) S.No.612/2, Hectare 0.06.5 and
S.No.613/1 Hectare 0.61.5 and
S.No.613/2B Hectare 0.04.5 Hectare
in total 0.72.5 Hectare and
2)S.No.612/1 Hectare 0.69.0 and 3)
S.No.613/2 A0.13.5 Hectare
S.No.612/2, Hectare 0.06.5 and
S.No.613/1 Hectare 0.61.5 and
S.No.613/2B Hectare 0.04.5 Hectare
in total 0.72.5 Hectare and
S.No.612/1 Hectare 0.69.0 and
S.No.613/2A Hectatre 0.13.5
S.No.612/2, Hectare 0.06.5 and
S.No.613/1 Hectare 0.61.5 and
S.No.613/2B Hectare 0.04.5 Hectare
in total 0.72.5 Hectare and
S.No.612/1 Hectare 0.69.0
S.No.612/2, Hectare 0.06.5 and
S.No.613/1 Hectare 0.61.5 and
S.No.613/2B Hectare 0.04.5 Hectare
in total 0.72.5 Hectare and
S.No.612/1 Hectare 0.69.0
S.No.612/2, S.No.613/1,
S.No.613/2B, S.No.612/1
It is observed that the property situated atChathirapatti Village, Idaiseval Village – II,
KovilpattiPanchayaat union S.No.612/2, Hectare 0.06.5 and S.No.613/1 Hectare 0.61.5 and S.No.613/2B
Hectare 0.04.5 Hectare in total 0.72.5 Hectare was originally owned and possessed by Mr.Azhagarsamy,
who obtained the same vide Sale Deed Doc No.1507 of 1973.

The said Mr.Azhagarsamy vide Settlement Deed dated 30/10/2007 have settled the property to one
Mrs.Mariyammal and the said document mortgaged as Doc No.8115 of 2007.

The said Mrs.Mariyammal had sold the property at Chathirapatti Village, Idaiseval Village – II,
KovilpattiPanchayaat union S.No.612/2, Hectare 0.06.5 and S.No.613/1 Hectare 0.61.5 and S.No.613/2B
Hectare 0.04.5 Hectare in total 0.72.5 Hectare to Mr.Rengasamy.

It is observed that vide Sale Deed dated 12/02/2008 1) Azhagarsamy 2) Rengasamy have both sold their
property situated at Chathirapatti Village, Idaiseval Village – II comprised S.No.612/1 Hectare 0.69.0 and
S.No.613/2 A0.13.5 Hectare to Mr.Rengasamy.

It is observed that the said Mr.Rengasamy vide Sale Deed dated 27/03/2008 had sold the schedule
mentioned property to 1) P.Subbaiah and 2) Mr.Mariyappan and the document registered as Doc No.2893
of 2008 on the SRO of Kovilpatti.

It is observed that the 1) P.Subbaiah and 2) Mr.Mariyappan vide Sale Deed dated 16/06/2008 had sold the
schedule property to one M/s.NVR Estates a the document registered as Doc No. 5316 of 2008 on the
SRO of Kovilpatti.

It is observed that M/s.NVR Estates has mortgaged the property to M/s.Thirumeni Finance Private
Limited for an amount of Rs.40,00,000/- vide MODT Doc No. 982/2017 on the SRO of Kovilpatti. The
said Mortgaged was released by M/s.Varthana Finance Private Limited formerly known as
M/s.Thirumeni Finance Private Limited on 12/05/2024 vide Release Deed Doc No. 3892 of 2024 on the
SRO of Kovilpatti.

It is observed that the Patta No.2234 stands in favour of M/s.NVR Estates for S.No. 612/2, 613/1, 613/2B,
612/1 and 613/2A at Idaiseval – 2, Kolvipatti Taluk, Tuticorin.

The submitted online EC did not reveal any subsisting encumbrance to the schedule property.
PART IV: EVIDENCE OF THE TITLE OF PROPERTY:

Under the Sale Deed dated 16/06/2008registered as Document No.5316 of 2008 on the sub registration
district of Kovilpatti the said M/s.NVR Estates is the absolute owner of the schedule property.

PART V: OTHER PROVISIONS:

5.1 Whether provisions of urban land ceiling act are applicable? No

5.2 Whether any property/ies intend to be given as security is subject to any minor’s claim/share?
No
5.3 Whether the property is affected by any revenue and tenancy regulations; if yes then to what
extent? No
5.4 Whether the user land has been converted into Non-Agricultural for Residential use by the order
of the competent Authority?No
5.5 Whether up to date tax/land revenue has been paid in respect of the property? No,
5.6 Whether all original documents for last 13/30 years have been scrutinized; if not give reasons?
Yes
5.7 Whether required documents are available for creating mortgage? Yes
5.8 Whether all the previous owners of the property had the right and competency to transfer the
property? Yes
5.9 Whether the proposed mortgage by deposit of title deeds is possible?Yes
5.10 What is the tenure of the land; if it is leased? No
5.11 Whether the land is Adivasi (tribal) land?No
5.12 Whether the land /property are joint family property? No
5.13 Whether SARFAESI Act applicable? Yes
5.14 Is land/property/flat being subject to any reservations /acquisitions/requisitions? No
5.15 Whether the property has been transferred by a power of attorney (POA) holder of the original
landowner in favour of the loan applicant?No
5.16 Whether the said POA holder has/had authority to sell the property under POA? NA
5.17 Whether POA as recorded in 5.15 is registered? NA
5.18 Whether any prior permission /NOC /consent required from any Authority to mortgage the
Property (Authority may be Govt. / Municipal Corporation / Land Development Authority / Industrial
Development Authority / Society etc.). If permission is required, specify the name of the authority from
whom permission/NOC is required and list all permission/ No objection required? No
5.19 Whether any permission / consent is required to sell the property upon invocation of the
mortgage. If so, indicate the Authority from whom the permission is required; Indicative Time line to
obtain such permission; and any premium payable to the Authority upon such transfer. No
5.20 Whether Search Report is obtained and submitted? NA
Search Report Details: -
Search Conducted Years:
Name of the Advocate / Searcher:
Search Report Date:
Note:
5.21 Whether EC is obtained? Yes
EC Details: -Online EC
No. of Years EC Obtained:24Years
Any Encumbrance to Specify: Nil
EC Applied by:NA

PART VI: CERTIFICATE:

In view of the foregoing, I/We certify that the title deeds intended to be deposited, relating to the property
and offered as security by way of registered/equitable mortgage and the documents of title referred to
above are perfect evidence of the title and that if the said registered/equitable mortgage is created in the
manner required by law, it would satisfy the requirements of creation of registered/equitable mortgage.

I/We further certify that M/s.NVR Estateshas a valid, clear, marketable and unencumbered title to
schedule property.

The mortgage if created will be available to ICICI HFC for the liability of the intending Borrower / Co
borrower M/s.NVR Estates

The following original documents to be collected by ICICI HFC for creation of registered/equitable
mortgage of the said property: -

Following documents needs to be submitted prior to disbursal of loan/at the time of

disbursement of the loan: -

Sl.No. Date Documents Original/Certified

Copy/Photocopy
1. 30/10/2007 Settlement Deed Doc No.8115 of 2007 executed by Original
Azhagarsamy to in favour of Mrs.Mariyammal
2. 12/02/2008 Sale Deed Doc No.1238 of 2008 executed by Original
Mariyammal to in favour of Mr.Rengasamy
 3. 12/02/2008 Sale Deed Doc No.1239 of 2008 executed by 1) Original
Azhagarsamy 2) Rengasamy to in favour of
Mr.Rengasamy
4. 27/03/2008 Sale Deed Doc No.2893 of 2008 executed by Original
Mr.Rengasamy to in favour 1) P.Subbaiah and 2)
Mr.Mariyappan
5. 16/06/2008 Sale Deed Doc No.5316 of 2008 executed by 1) Original
P.Subbiah 2) G.Mariappan to in favour of M/s.NVR
Estates rep by NallapatiVenkateswara Rao
6. 21/03/2017 MODT Doc No.982/2017 executed by M/s.NVR Original
Estates to in favour of M/s.Thirumeni Finance
Private Limited
7. 12/05/2024 Release Deed Doc No.3892 of 2024 executed by Original
M/s.Varthana Finance Private Limited to in favour
M/s.NVR Estates
8. 08/07/2024 Certified EC from 2000 to 2021 Original

Following documents are required post disbursal: (if any): -

Sl.No. Date Documents Original/Certified

Copy/Photocopy
1. Mortgage Deed in favour of ICICI Home Finance Original
Company Limited

REMARKS (if any): -Certified EC from 2000 to till date needs to be verified as we are furnished with
online copy

Yours Faithfully,

Advocate